Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting question Meneer Nomad..I personally never use stop losses...I have too many times seen a stock dip down before returning (and exceeding) where it came from. I acknowledge a lot of professional advice would suggest my strategy of not limiting loss potential is a poor strategy. As you can see from my earlier post, up at 26+ I believe there is short term more likelihood of a SP drop than gain...so I sold. At 25 I am happy to start buying back...if it continues to drop I will gladly hold and collect 4% divis (I will add as it goes down down and consider selling again if we see 26+). Like you, I am no expert, but there is my 5c. GLA
Having sold at 2643, i have set buy backs at 5% intervals..so 50% bought back at 2505...next 50% set for 2378 (I have no clue if it will actually get there). It may be naivety but I am confident in the long term potential here so the lower it goes the more I feel confident to buy. GLA
You asked for thoughts...mine are : I would love to make the huge % returns others appear to report on these forums but the more I chase those returns the worse I do. As a result, I try be greedy on entry price and then hold for the longer term, only looking to beat inflation by 2/3% (div factored in). I can't see anything better to do with the money I have in Shel and selling to look for a better buy in price generally doesn't work for me. So I hold. I would probably not sell for anything under £28. Until then collect the divi and focus on the day job. GLA
What action should a shareholder like me (relatively small holdings compared to many...4500 shares across a few platforms) actually do to pressure mngt to increase the div? I don't know for sure but I get the feeling there are a good number of posters on here moaning but doing little else.